DOLPHIN COVE shows that even in challenging times tourist attractions can generate jobs and pay hundreds of millions in salaries to Jamaicans. Stafford Burrowes, chief executive officer and chairman of the dolphin tourist...
Montego Freeport Limited (MFL) is finalising plans to sell off six property assets after which the company will be delisted and wound up.The company, which was created 45 years ago to develop a portion of the Montego Bay...
Bank of America Corp is nixing its plans to charge a US$5 monthly debit card fee.The bank said Tuesday that the decision to scrap the plan came after listening to customer feedback in recent weeks.The news comes after other major banks, including...
The Grenada government says it has sought the assistance of the International Finance Corporation (IFC) regarding a public-private partnership for the establishment of a teaching hospital on the island.
Finance and Economic Minister Christopher Sinckler is warning Barbadians that they should not expect "quick fixes" to the national and global economy and dismissed as "foolishness" calls for a change in economic policies every three months.
Scotia Group Jamaica has created a new subsidiary, Scotia Jamaica Microfinance Company Limited, to serve a segment of the credit market that tends to borrow short term at high cost.The company, which will operate under the brand name CreditScotia,...
Europe's days-old plan to solve its crippling debt crisis and restore faith in the global economy has been thrown into chaos by the Greek prime minister's stunning decision to call a referendum on the country's latest rescue package.A 'no' vote could...
The Barbados government says at least two regional insurance companies have expressed interest in the local operations of the Colonial Life Insurance Company (CLICO).The local operations suffered as a result of the cash problems that forced the CLICO's...
The International Monetary Fund (IMF) says Belize has weathered the global financial crisis relatively well when compared with other CARICOM countries and is predicting 2.5 per cent economic growth for the country.The IMF, which has just concluded its...
MF Global, the securities firm led by former Goldman Sachs chief Jon Corzine, broke rules requiring it to keep clients' money and company funds in separate accounts, the head of the Chicago Mercantile Exchange said Tuesday.CME Group Inc CEO Craig...
CARIBBEAN STOCK REPORT October 24 to October 28, 2011Despite solid gains on the junior market, Caribbean stocks ended the week lower, as 29,853,594 shares valued at US$4,033,233 crossed the floors of the six stock exchanges across CARICOM....
Haiti-based GB Group announced Monday that it acquired Chevron Corporation's assets in Jamaica and two other Caribbean countries for an undisclosed sum.The deal sees century-old GB Group acquiring the distribution ...
Mobile provider Digicel Group is refusing to say whether it is buying troubled Irish telecoms provider Eircom. It calls the reports speculative, but has made no outright denials.It would represent the second major acquisition this year by the Denis...
Bermuda's ailing economy has received a major blow with confirmation from Carnival Cruise Lines (CCL) that it has scheduled just one trip to Bermuda next year.Carnival has made 14 voyages to the island so far this year - a 15th is due next month...
The owners of Kingston Live Entertainment Limited (KLE) have removed Usain Bolt's name from one-year-old subsidiary Usain Bolt Tracks and Records Company Limited.The sports bar company, as indicated by a press advertisement this week, will now be known...
The Jamaica Customs Department, has, since September, embarked on a month-long customer-service training course for more than 700 of its frontline staff across the island.This is part of the department's efforts to improve trade facilitation...
THE RECENTLY published National Geographic: Food Journeys of a Lifetime: 500 Extraordinary Places to Eat Around the Globe has listed Devon House as the fourth-best place in the world to eat...
Global stocks fell sharply Monday on concerns about Italy's ability to tame its colossal debts and the news that a US brokerage firm filed for bankruptcy over its potential exposure to bad European government...
JAMAICA STANDARD Products Company Limited, owned and operated by outstanding entrepreneur John Minott, walked away last week with the 2011 NCB Nation Builders Award....
Parts shortages from three months of catastrophic flooding in Thailand have forced Honda to cut United States and Canadian factory production by 50 per cent for the second time this year, the automaker said Monday.The cuts, which come just as Honda...
JAMAICA AND Trinidad and Tobago last week signed a memorandum of understanding (MOU) for the establishment of a trade-facilitation office in Trinidad. The MOU was signed between the Jamaica Chamber of Commerce, the Trinidad and Tobago Manufacturers'...
AS JAMAICA'S new Prime Minister Andrew Holness ascends into position at the dawn of Jamaica's 50th year of Independence, the nation is now in one of the most critical periods of its history.The rapid shifting and shaking taking...
Red Stripe Jamaica on Friday put two new products on display, offering shareholders a tangible demonstration of plans to reinvigorate its sluggish market.
Founder and chairman of the Lasco Group of Companies, Lascelles Chin, was inducted into the Private Sector of Jamaica Hall of Fame last Thursday night in a glamorous ceremony at the Wyndham Kingston hotel.
